Emphasize market-driven climate approach, API urges administration

Opportunity for the U.S. to show how it has reduced greenhouse gas emissions even though it has increased energy production.

Emphasize market-driven climate approach, API urges administration

By Nick Snow OGJ Washington Editor

When Obama administration representatives arrive in Paris for upcoming global climate discussions, they should emphasize the successful market-driven approach that helped the US lead the world in reducing greenhouse gas emissions while increasing its oil and gas production, the American Petroleum Institute urged.

“There should be no place for dogmatic adherence to ideology,” API Pres. Jack N. Gerard told reporters in a Nov. 16 teleconference. “The US has an opportunity to show how it has reduced greenhouse gas emissions even as it has increased energy production. Our success is driven by investment, innovation, and entrepreneurial spirit.”

He noted that a new analysis by API, using US Energy Information Administration and World Bank data, finds states could reach goals more efficiently under the administration’s new Clean Power Plant using more natural gas instead of wind and solar.

To read the rest of this article, visit the Oil & Gas Journal

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